Economy
Bears Resurface at Nigerian Stock Exchange
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) on Tuesday ended on a negative note as some large cap stocks recorded price reduction.
The stock market had put a halt to the six consecutive losing streak yesterday, but profit taking by investors dragged the local bourse down with marginal loss of 0.01 percent.
Business Post reports that the All-Share Index (ASI) depreciated today by 3.58 points to settle at 37,988.54 points, while the market capitalisation declined by N1 billion to finish at N13.761 trillion.
The volume and value of transactions recorded at the NSE today broadly increased despite the loss.
At the close of trading activities, the volume of equities bought and sold rose by 160.20 percent, while the value of shares exchanged by investors went up by 37.58 percent.
As usual, the Financial Services sector led the activity chart with 474.1 million shares exchanged for N3.4 billion, while the Conglomerates sector followed with 28.7 million equities sold for N64 million.
In all, investors traded a total of 539.7 million shares worth N4.7 billion today compare with the 207.4 million units valued at N3.4 billion sold yesterday.
On the price losers’ chart on Tuesday, International Breweries claimed the top spot with N2.70k of its share value lost to settle at N41.30k per share.
It was followed by Cement Company of Northern Nigeria (CCNN), which went down by N1.25k to finish at N24.70k, and Mobil Oil Nigeria, slacked by N1 to close at N182 per share
Zenith Bank depreciated by 45 kobo to close at N25.50k, while Africa Prudential Registrar reduced by 20 kobo to close at N3.85k per share.
On the flip side, it was a good day for Nestle Nigeria as its stock grew by N10 to close at N1,500 per share.
It was trailed by Presco, which increased by N1.50k to end at N75 per share, and Lafarge Africa, which appreciated by 95 kobo to settle at N39.05k per share.
Nigerian Breweries garnered 50 kobo to close at N110.50k per share, while Oando jumped by 30 kobo to close at N6.65 per share.
A breakdown of the activity chart indicates that Union Bank of Nigeria was the most active, trading 281.6 million shares worth N1.6 billion.
It was followed by Fidelity Bank with a turnover of 61.9 million shares valued at N142.4 million, while Transcorp accounted for 26.7 million shares worth N36.7 million.
FBN Holdings sold 24.4 million shares worth N262.4 million, while Zenith Bank traded 20.2 million shares valued at N518.5 million.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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